How Colorado and Texas Franchises are Lifting our Community and Workforce
The International Franchise Association (IFA) recently held Open For Opportunity Roadshows in Denver, Colorado and Dallas, Texas. The franchise events were held in partnership with the Denver Franchise Business Network, and was hosted by Denver-based law firm Polsinelli.
The Open For Opportunity panel composed of a number of franchising leaders, including IFA President and CEO Matthew Haller, as well as certified franchise executives William G. Hall, Catherine Monson, and Tim Williams. The group discussed how franchise opportunities contribute to the economies of the Denver community and workforce, while Haller shared recent franchise developments including the defeat of David Weil’s nomination for Wage and Hour Administrator, IFA’s latest economic and labor study numbers, and issues and challenges facing franchisors and franchisees.
Colorado’s economy is recovering from the COVID-19 pandemic much like the rest of the country, but new data from the first quarter of 2022 looks promising. According to the Colorado Secretary of State, more than 43,000 new businesses filed with the secretary of state over the first quarter of 2022, including a number of franchises. This activity helped the unemployment rate drop to 3.7 percent for the first quarter of 2022, down 0.5 percentage points from the fourth quarter of 2021.
After Colorado, the panel traveled to Polsinelli’s Dallas, Texas to share the franchise insights and highlight the impact of franchise opportunities on the local Texas economy, community, and workforce.
According to Texas A&M research, franchising has helped the Texas economy has returned to growth, with its year-over-year unemployment rate falling by 6.1 percent in 2021.
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Dallas added 132,400 jobs, a 5.1 percent increase
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Houston added 68,000 jobs, a 2.3 percent increase
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Austin had an employment increase of 76,600, a 7 percent increase
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Fort Worth saw a 3.7 percent increase, adding 38,500 jobs
Here are some Colorado and Texas based franchises investing in their local communities:
LearningRX
Franchising since 2003 and based out of Colorado Springs, Colorado, LearningRX provides tutoring for all ages. The franchise has received more than 40 franchise awards, while 13 peer-reviewed studies have been published on the franchise’s programs for children and adults. To learn more about a franchise opportunity with LearningRX, click here.
Polsinelli
Polsinelli is an AmLaw 100 firm with 900 attorneys in 21 offices throughout the US that support franchising. The firm has been recognized by legal research firm BTI Consulting as one of the top firms for excellent client service and client relationships in service areas of health care, financial services, real estate, intellectual property, middle-market corporate, labor and employment and business litigation. Polsinelli has been nationally ranked in 30 practice areas and regionally ranked in 144 practice areas by The U.S. News – Best Lawyers® “Best Law Firms.” To learn more about Polsinelli, click here.
Williams Fried Chicken, Inc.
Founded in 1987 in Dallas, Texas, WIlliams Fried Chicken, Inc. has grown to 50 locations in the United States serving fried chicken and southern-style dishes and sides. To learn more about a franchise opportunity with Williams Fried Chicken, Inc. click here.
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